The Federal Reserve Note is now the only form of acceptable paper currency actively in circulation in the United States. In 1914 when the first denominations were released, there were at least five other forms of paper currency circulating in the United States. Examples from that period are coveted today by collectors. Right now, 1929 $50 Federal Reserve Notes are available to purchase online at Silver.com in Very Fine condition.
- Ships to you in an individual plastic sleeve!
- First release of the redesigned, smaller Federal Reserve Notes!
- Designs on this note used from 1929 to 1993!
- Bears a face value of $50 (USD) backed by the federal government.
- The obverse features a portrait of President Ulysses S. Grant.
- On the reverse side is an image of the U.S. Capitol Building.
- Notes come in Very Fine condition.
- Please keep in mind that you could get notes with matching Very Fine conditions or several with slight variations within the grading range.
Each 1929 $50 Federal Reserve Note in this listing comes to you with an individual plastic currency sleeve. These notes are available to you in Very Fine condition. Notes in VF condition can range from those with light signs of circulation use and light soiling to those with moderate signs of use and mild soiling. The biggest differentiation between high-end and low-end Very Fine notes comes in the folds. The best Very Fine notes have no more than 10 folds, while others could feature numerous folds. In all, Very Fine notes of all conditions have no major detracting flaws.
The United States Treasury modified the Federal Reserve Note Series in 1929 by shrinking the size of the notes and introducing the portraits of dignitaries still found on the notes today. In particular, there was a realignment of the designs on the $10 and $20 notes, as well as a new portrait of Benjamin Franklin on the $100 note.
For the obverse of the 1929 $50 Federal Reserve Note, the effigy of President Ulysses S. Grant remained on the obverse of the note. President Grant’s effigy was featured on the 1914 Series release of $50 Federal Reserve Notes, but the reverse design did not match what is found on the reverse of the 1929 redesign.
On the reverse of 1929 $50 Federal Reserve Notes is a depiction of the U.S. Capitol Building. This design replaced the previous imagery of the female allegory Panama standing at the Panama Canal connecting the Atlantic Ocean to the Pacific Ocean, with a cruising vessel on the left and a military ship on the right side of the design element.
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